Hang in there, Van. As you know, CAI's problems have absolutely nothing to do with the technology, LOS issues, spectrum values, competition in the video delivery market, competition for providing high-speed Internet access, or even the FCC. Rather, CAI's problems have everything to do with BANX. Could BANX be willing to extend the February 28 option deadline? I would think BANX would want out as much as CAI wants them out. After all, what benefit could BANX get by coming back in? Could BANX really be that threatened by CAI's technology? And if so, why aren't the strategic partners banging on CAI's doors?
On a more positive note, the FCC should be announcing this week (possibly tomorrow) who will be the potential bidders in the LMDS auction to be held next month. The FCC has also established the following opening minimum bid requirements for the LMDS auction:
Population of the license area * A Block Min. Opening Bid * B Block Min. Opening Bid*
Less than 100,000 *** $0.50 x population * 10% of A Block
100,000 - 1,000,000 * $1.00 x population * 10% of A Block
More than 1,000,000 * $2.25 x population * 10% of A Block
Spectrum values should, once again, be getting lots of attention in the near term. Hopefully, when all the smoke from the LMDS hype clears, some analyst will take more notice of MMDS and its present bargain prices. When comparing MMDS to LMDS, somebody (I don't recall who) referred to MMDS as beachfront property. I agree. There are some very significant advantages to operating at 2.5 GHz over 28 GHz.
So, who's buying? I truly don't know. But we all could sure use some really good news just about now.
Take care,
Z |
